Big LotsBIG
BIG
Delisted
BIG was delisted on the 11th of September, 2024.
About: Big Lots Inc is principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one-third of its stores in California, Texas, Ohio, and Florida.
Employees: 30,300
Financial journalist opinion
Positive
Forbes
1 week ago
Half Of Big Lots Stores Could Be Saved In Variety Wholesalers Deal
Up to a half of Big Lots stores look set to be saved after it agreed to a transaction with Gordon Brothers Retail Partner that enables the transfer of Big Lots assets.
Negative
New York Post
1 week ago
Big Lots gets green light for last-minute sale of 200 to 400 stores
US bankruptcy judge Kate Stickles rubber-stamped the sale at a court hearing in Wilmington, Delaware.
Positive
PYMNTS
2 weeks ago
Big Lots Deal Rescues Hundreds of Stores From Closure
Big Lots has struck a deal to keep hundreds of stores from shuttering. The bankrupt discount retailer announced Friday (Dec. 27) that it had agreed to sell itself to Gordon Brothers Retail Partners, a capital markets company that will transfer Big Lots' stores, distribution centers and other assets to other retailers.
Neutral
New York Post
2 weeks ago
Big Lots reaches deal to keep hundreds of stores open, save jobs
The privately-owned Variety Wholesalers plans to acquire 200 to 400 Big Lot stores and operate under the Big Lots brand.
Negative
Forbes
3 weeks ago
Big Lots Announces ‘Going Out Of Business Sale' As Nexus Acquisition Falls Through
The bankrupt Big Lots home goods closeout retailer just announced its planned sale to Nexus Capital Management has hit the skids so it will begin going-out-of-business sales (GOB) at its remaining 900 stores; it has already closed about 400 stores this year.
Negative
New York Post
3 weeks ago
Big Lots to start holding ‘going out of business' sales at remaining locations
Big Lots said it does not anticipate closing the sale to Nexus Capital, months after initiating bankruptcy proceedings under Chapter 11.
Negative
PYMNTS
3 weeks ago
Big Lots Says Previously Announced Sale Has Fallen Through
Big Lots said Thursday (Dec. 19) that it is preparing to begin going out of business (GOB) sales at all its remaining stores after determining that it no longer expects to complete its previously announced sale to Nexus Capital Management.
Negative
PYMNTS
4 weeks ago
Big Lots Leans on Digital as Foundation for Bankruptcy Exit
Big Lots' Chapter 11 bankruptcy filing and upcoming acquisition by Nexus Capital Management revealed the deep-rooted issues in the company's business model, particularly its struggle to adapt to the digital age.
Neutral
PRNewsWire
1 month ago
BIG LOTS RECEIVES COURT APPROVAL FOR SALE TO NEXUS
Company Remains Committed to Providing Customers with Unmistakable Value and Extreme Bargains COLUMBUS, Ohio , Nov. 22, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC: BIG) (the "Company") today announced that it has received court approval for the sale of substantially all of the Company's assets and ongoing business operations to an affiliate of Nexus Capital Management LP ("Nexus"). The sale, which is subject to customary closing conditions, is expected to close in early December.
Neutral
PRNewsWire
2 months ago
Big Lots Unveils New Rewards App to Elevate the Shopping Experience
COLUMBUS, Ohio , Nov. 8, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIG) today announced the launch of a new Big Lots app is designed to enhance the shopping experience for its valued customers. The app is available for current and new Big Reward members, bringing a host of new features and benefits for its loyal customers.
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